Montecito Bank & Trust Sells 113 Shares of Kimberly-Clark Co. (NYSE:KMB)

Montecito Bank & Trust cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,772 shares of the company’s stock after selling 113 shares during the quarter. Montecito Bank & Trust’s holdings in Kimberly-Clark were worth $363,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the second quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark in the third quarter valued at $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

NYSE:KMB opened at $128.40 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $42.82 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The firm’s 50-day simple moving average is $131.96 and its 200 day simple moving average is $137.67.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.80%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMB. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Citigroup lowered their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday. Finally, Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.71.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.